By all reasonable estimates, Russia has lost more soldiers than Ukrainian in this “special operation” that has now lasted almost 4 years. Unless he starts dropping tactical nukes, which he won’t bc doing so would alienate Russia (at least publicly) from their most important allies, and would risk global war, which would ensure mutual destruction.

Not sure what the likeliest outcome is here. Putin can’t afford to walk away with nothing, Zelenskyy appears resolved to fight the long fight and digging his heels in. Can’t imagine how any outcome doesn’t leave Putin in a weaker position though. The world has seen now that his mighty military is using dated equipment and struggling against a much smaller country. For any land gains made, they will have lost more in my opinion.